2601 PORTLAND AVENUE
2601 Portland Avenue, Minneapolis, 55407, MN
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Price: $900,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: Phillips West
Bedrooms: 0
Property Size :5669
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Listing Agent: NST26401,NST65165
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Property type : Triplex
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Zip code: 55407
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Street: 2601 Portland Avenue
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Street: 2601 Portland Avenue
Bathrooms: N/A
Year: 1889
Listing Brokerage: Lakes Sotheby's International Realty
DETAILS
Step into a rare opportunity with this architecturally grand Victorian triplex—originally built for Sylvester S. Cargill, brother of the founder of the Cargill Company—and steeped in Minneapolis history. Located just one block behind the American Swedish Institute and moments from Eat Street, Downtown, and major roadways, this property blends timeless elegance with forward-thinking flexibility. The home has been lovingly owner-occupied in the expansive main residence, while two additional one-bedroom units—the carriage house and a second-floor apartment—provide steady rental income. Current rents are below market, offering immediate upside for investors looking to optimize cash flow. But the income potential doesn't stop there. The lower level features a spacious bedroom, full plumbing, a bar, laundry, and a separate entry—perfectly positioned to become a third rental unit or short-term Airbnb. A professional darkroom/studio space on the same level opens doors for creative or small business use, ideal for buyers seeking a live/work configuration. On the uppermost floor, an unfinished attic offers the square footage and ceiling height to create a stunning fourth unit or an expansive owner's suite. The outdoor spaces are just as remarkable: a lush, private garden with a koi pond and a four-car garage—two bays heated and currently used as a workshop—enhance the usability and appeal for both tenants and owners. Whether you're a seasoned investor or a creative entrepreneur, 2601 Portland Avenue offers a rare combination of income potential, historical charm, and functional versatility in one of the city's most dynamic and evolving neighborhoods.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: 5669 ft²
Below Ground Living: 395ft²
Bathrooms: N/A
Above Ground Living: 5274ft²
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Basement Details: Egress Window(s), Finished, Full,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: 4
Construction Materials: N/A
Foundation Size: 1488ft²
Unit Amenities:
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Heating System:
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- Forced Air
- Fireplace(s)
LOT
Acres: N/A
Lot Size Dim.: 88x118
Longitude: 44.9554
Latitude: -93.2673
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $7,628
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7752885
Listing Brokerage: Lakes Sotheby's International Realty
ID: 3810319
Published: June 20, 2025
Last Update: June 20, 2025
Views: 13
